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iMoningStar - Indicator for MetaTrader 4

iMoningStar
TypeIndicators PlatformMT4 Version10 Date created 8 April 2015 Date updated 1 August 2017
Formatmq4 Size3.2Kb Downloads100 Rating
5 of 5
based on 71 rates

The indicator searches for "Evening Star" or "Morning Star" candle combinations and marks them on the chart. Stars are the reversal patterns of candlestick analysis. An emergence of the "morning star" indicates a bullish reversal, and the "evening star" precedes a change in the market moves towards a bearish trend.

In the indicator settings, you can change the maximum and minimum size of the previous bar as well as the gap’s size and the body of the star in relation to the previous candle.

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